AU Small Finance Bank Limited Approves Issuance of Unsecured, Rated, Listed, Redeemable, Subordinated, Non-Convertible Lower Tier II Bonds in Private Placement
AU Small Finance Bank Limited at its Board of Directors meeting held on March 7, 2025 has inter-alia considered and approved the issuance of Unsecured, Rated, Listed, Redeemable, Subordinated, Non-Convertible Lower Tier II Bonds in the nature of Non-Convertible Debentures categorized as Tier II Capital for an amount aggregating up to INR 15,000 million. The issue is within the overall limit of INR 60,000 million approved by the shareholders at the Annual General Meeting held on July 26, 2024 for issuance of non-convertible debt securities/bonds/other permissible instruments, in one or more tranches for a period of one year from such approval. Type of issuance: Private placement through Electronic Bidding Platform (EBP).
AU Small Finance Bank Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The Company is engaged in providing a range of banking and financial services, including retail banking, wholesale banking and treasury operations and other services. Its segments include treasury, retail banking, wholesale banking, and other banking businesses. The treasury segment primarily consists of interest from investment portfolios, money market borrowing and lending. The retail banking segment include digital banking, and other retail banking. The wholesale banking segment provides loans and transaction services to large corporates, emerging corporates, public sector units, government bodies, financial institutions, and medium scale enterprises. Its personal banking includes savings account, salary account, and fixed deposits. It offers various types of loans, which include car loan, home loan, personal loan, tractor loan and others.
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AU Small Finance Bank Limited Approves Issuance of Unsecured, Rated, Listed, Redeemable, Subordinated, Non-Convertible Lower Tier II Bonds in Private Placement
